4 Key Trends in Financial Security

Unisys released its annual Security Index, which measures how concerned Americans are about different aspects of security.

1 of 4

Information technology company Unisys released its annual Security Index, which examines consumer concerns regarding security in a number of areas, including financial security, internet security and personal security.

According to Unisys, the Security Index for the U.S. this year stands at 120, which is a moderate level of overall concern. The Index has dropped significantly from its 2012 value of 131 and represents the lowest level of concern since the survey was inaugurated in 2007.

Here are some other notable findings from the Index related to financial services security concerns:

1. Data Breach Fears

Despite an moderate level of concern overall related to security, the Index found that U.S. consumers are still wary of a data breach involving their financial institution. According to Unisys, 66.7% of Americans are seriously concerned about a data breach involving banks or other financial institutions. According to the Index, data breaches involving government and health organizations are also prime fears.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

What are banks going to do with that trust? It's a great opportunity to enhance engagement, loyalty, etc. Wonder if this means that concerns about balancing security with convenience/access have been effectively addressed.